Also great job on picking a layout that works for your purposes

That's what I have been reading and seems like a consensus great pick from other resources.

If the property has continued to appreciate, perhaps him buying you out at market value makes the most sense, then take the cash and roll into a new property.It sounds like you would like him to pick up another $500/month (pay you the $1,000/mo rent + pay 50% of the remaining mortgage split). 

It's picking the property and area that is key along with understanding your investment expenses.

I think one angle to consider is instead of learning how to manage, learn how to own and then adapt that to become a co-host.Something like owners work/hire you to pick up slack in regards to being a "on the ground" person to handle problems.

., and pick it up in three days, and in colors and sizes not picked by a homeowner, there is little or no bidding.

Hi Alex,Picking a lender can be an important decision, but I'd also recommend using 2 or 3 good lenders for a certain space.

You could schedule showings during a time frame you are available and require people to pick those slots.

Most HELOC's are based off prime and these are consumer based products (rate determined by margin which is fixed + prime).However the commercial departments in many of these banks or credit unions offer fixed lines on their commercial interest only products that can be based off different indexes like CMT (contact maturity treasury), SOFR (secured overnight financing rate), or other indexes that are less volatile than the prime which is directly linked to the fed funds rate + 3.00%.This is why the fed funds is at .50% right now and our prime is currently 3.50%.Just make sure to pick a product and index that works with your overall strategy because in between deals you'll be carrying the "equity," you used to buy a property on this line most likely.

I would take some time to do some research around markets that are investor-friendly and reach out to agents, investors, and property managers to pick their brains and evaluate.